Ford shareholders reject stock proposal

View full sizeThis Feb.16, 2012 photo shows the Ford logo at the 2012 Pittsburgh Auto Show. U.S. safety regulators are investigating complaints that the accelerators can stick in Ford Tauruses from the 2005 and 2006 model years. AP Photo

WILMINGTON, Del. (AP) — Ford Motor Co. shareholders are again rejecting a proposal to dilute the Ford family's control over the company.

At its annual meeting in Wilmington, Del., Thursday, Ford said 67 percent of shareholders voted against the proposal to make each Ford share worth one vote. Thirty-three percent supported it. That was slightly less support than the same measure received last year.

The Ford family has 40 percent of the voting power in the company through 71 million Class B shares, which carry more votes than Class A shares. Some shareholder activists say the dual-share system is unfair.